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Wipro exceeds expectations as profit surges

Indian software exporter predicts revenue to grow 2.8% in third quarter

MUMBAI (NewsRise) -- Wipro reported a 35% jump in second-quarter net profit aided by tax cuts and forecast a better-than-expected revenue growth in the current quarter, underlining signs of a recovery at the Indian software exporter.

Bengaluru-based Wipro predicted its dollar-denominated revenue will sequentially grow 2.8% at best or 0.8% at worst. Analysts were expecting the company to predict at best a 2% growth or no growth at worst. The dollar revenue grew 0.5% in the quarter ended in September.

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